Elon Musk’s favorite meme coin, Dogecoin, today hit highs of $0.045, up from $0.027, the price at which it had sat for most of the day. But its peak was brief; the price has since fallen to $0.036.
Coinciding with the surge is the hashtag #DogecoinArmy, which is trending in several countries including Pakistan, the United States, and the United Kingdom. The trending hashtag follows days of organised effort from Doge investors on Reddit.
We are on top of the table
😍 pic.twitter.com/2EURZk7Vpf
— Usman Chaudhary (@ChaudharyUsman_) January 31, 2021
Dogecoin’s price jumped from around $0.01 to over $0.04 overnight on January 28.
That price hike was mostly thanks to crypto traders on.
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